Friday, July 15, 2011

BEHOLD A RED DRAGON


And the beast was hungry. It was going to be satiated and its sumptuous feast was to be eaten before August 2. Sometime in the next few weeks we will be getting a tradeable bottom. Start getting your speculative list ready. The beast must be fed and Ben will have to gun the risk trade. I still like the miners and PMs but from a speculative standpoint the Chinese market looks very tasty at the current levels as funny money will have to enter back into their powerhouse. SCEI is worth a look here for a stretch. It operates as a third party commercial producer and distributor of coal-water slurry fuel (CWSF) in the People’s Republic of China. The company’s CWSF products are primarily used in boilers and furnaces to generate steam and heat for residential and industrial applications. It sells its products directly to various customers, including industrial, commercial, residential, and government organizations.

Another destroyed Chinese stock for a look-see is JASO. It engages in the design, development, manufacture, and sale of photovoltaic solar cells and solar products, which convert sunlight into electricity in the People's Republic of China. The company’s principal products include monocrystalline and multicrystalline solar cells, as well as various solar modules. It also provides silicon wafer and solar cell processing services. This sector is destroyed and blood is in the water. STP is another solar casualty that we've played before and remains in a pool of blood.

http://www.fool.com/investing/general/2011/07/13/whats-up-with-solar.aspx

BCON is a little closer to home (USA) and may be worth a sniff. It's a tiny company that is involved in storing energy for solar and wind systems. Beacon Power Corporation, a development stage company, engages in the development and commercialization of flywheel energy storage systems to supply frequency regulation services to the electricity grid in North America. Its flywheel technology stores and recycles energy on an emissions-free basis; and provides frequency regulation and energy balancing services for the electricity grid, utilities, and distributed generation and renewable energy markets.

These are to be looked at as high risk and do your own DD. I own NONE of these at the time of this post. I plan on taking small positions only. My attention is still on the miners and their trade. Keep your cash high again here but nibble on pullbacks for trades. SSRI SLW EXK AG if you get the chance. gl

19 comments:

  1. remember european stress tests out at 12PM EST

    the last time their website went down because of demand, maybe they picked up some good programmers from china to help them....

    Kli I made good change in SCEI the last 2 days...

    poor DCTH...

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  2. I am not sure if others will agree, but:
    If you look at the chart on NKTR from around June 10th to present, there appears to be an inverse H&S pattern developing.

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  3. Doc,

    On my radar...seems to be accumulation...

    keep your eye on Dsco...somethings up...

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  4. NKTR......very impressive company too.......good one doc......

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  5. michigan Consumer sentiment......DISASTER....tanking the market

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  6. Kli,

    Just picked up a little SOL at 4.52, stop loss set at 4.38. See what happens.

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  7. Kli,

    great post, i dont know if its going to happen, but you can almost feel the beaten down china garbage is going to run. i have traded in and out of LDK with success though i recently bought at the 6.60 level before its latest drop to the 6.20's. i have been making my list, as you and another poster said, the solar names have been decimated. been making my list. watching the CISG, Ldk, SOL, FEED, SEED, CYOU, SCOK ect, ect. alot of garbage to sift through. peace.

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  8. Rude,

    Check out LLEN also. I bought some a couple weeks back at 4.77. They were suppose to announce earnings yesterday, but filed for an extension. Should be around July 28th when they announce. Stock has be beaten down bad. Still not sure if they are legit or not. Good luck to you. I also bought a little SOL is am.

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  9. Doc,

    The head is building a neck line...great call...the 200sma on 60 mins stopped it today..but if jumps over that it could fly like Jordan...

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  10. stress tests are out...market is jumping all over...cant find them yet..

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  11. p
    Failing banks had capital shortfall of EUR2.5B
    12:02p
    EBA: eight banks failed European stress tests

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  12. Spain had five banks failing.......hehehe EURO rallying......watta joke

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  13. Just to note, someone else brought NKTR to the blog, I believe a week ago. I likely the chart & bought some and noticed the inverse H&S last pm.

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  14. BTW......all i see on the miners are inverse HnS's

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  15. ryan,

    thanks for the info. i will add LLEN to my watchlist. SOL and just about every china solar are interesting. at the moment i own some LDK. SOL is very interesting indeed. peace and good luck to you.

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  16. http://community.nasdaq.com/News/2011-07/suntechs-high-performance-panels-help-beam-shares-to-1065.aspx?storyid=8571

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  17. llen is funny to watch as it gaps up in morning and just drifts down...seems almost daily over last cple weeks..I own small lot...

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  18. Creditguy,

    Absolutely. Gap up and slowly fade. I'm hoping someone is being "allowed" to accumulate at this level, and then one morning it pops and doesnt stop. It looks to me like a coiled spring. Just waiting for the day it flies.

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  19. Bet you Joe shorts it every morning. hehehehehe

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